Tim Reardon is principal economist with the Housing Industry Association. He has an extensive background in economics and industry policy. He was the executive director of the National Generators Forum, representing electricity businesses through the introduction and repeal of the carbon price. Reardon also worked for the HIA as the executive director (Tasmania) and in government relations before joining HIA Economics in 2017.
“The indexation of Stamp Duty is a step forward in reducing the taxation imposts on housing,” stated Tim Reardon, HIA’s Principal Economist.
Bi-partisan support for a Federal Housing Minister recognises the urgent need to address our housing affordability challenges at a national level, said the Housing Industry Association.
“Stronger new home building, off the back of strong population growth, is continuing to drive the improvement in economic conditions in Australia,” stated Tim Reardon, HIA’s Principal Economist.
“Housing affordability is about ‘supply and demand’ and for most of this century there have been constraints on new home building that have limited supply and forced up prices."
“Reports in The Australian on ATO data shows that almost two thirds of investors are on an average income of less than $80,000,” said HIA’s Principal Economist, Tim Reardon.
The Spring 2017 edition of the HIA’s National Outlook shows prospects for the housing sector are better than previously anticipated.
“The cooling of investor activity in the market should be closely monitored,” says Tim Reardon of the HIA.
“The housing sector has already stepped back from its role driving the Australian economy and now is not the time for governments to hit the industry with punitive charges,” warned Tim Reardon, HIA’s Principal Economist.
During the three months to May 2017, multi-unit approvals fell by 27.8 per cent when compared with the same period in 2016.